Introduction
This post will show the plot of the STEEM Inflation model for the next 10 years. I took the STEEM inflation model, run plot using Golos version of inflation plot, then improved their plot as I noticed the graph is a bit inaccurate. I bet that you have not seen this plot before.
STEEM Inflation Model
STEEM inflation model source code is available in the inflation_model.cpp. You can read all the details there. The comments in the source code clearly say that it is a model and it may be a bit skewed due to a few facts.
Let me quote the source code:
- Missed blocks not modeled (lowers STEEM supply, small)
- Miner queue length very approximately modeled (assumed to go to 100 during the first blocks and then stay there) (may lower or raise STEEM supply, very small)
- Creation / destruction of STEEM used to back SBD not modeled (moves STEEM supply in direction opposite to changes in dollar value of 1 STEEM, large)
- Interest paid to SBD not modeled (raises STEEM supply, medium)
- Lost / forgotten private keys / wallets and deliberate burning of STEEM not modeled (lowers STEEM supply, unknown but likely small)
- Possible bugs or mismatches with implementation (unknown)
What is this all about ?
Ok... Show Me The Plot
Plot
Legend
Interpretation
The chart above uses a mathematical model that shows how much STEEM will be printed during next ten years. You can see how much of it will be given to content creators, curators and witnesses. Since most of the printed STEEM goes to the STEEM power (Vested Shares) holders you see how big ROI you will have if you decide to keep STEEM power. The graph obviously does not take into account SBD vs BTC price as noone really knows what will the price in the next 10 years. Currently the BTC/STEEM charts are available at numerous crypto exchanges, for example https://poloniex.com/exchange#btc_steem
Code
I originally used Golos' version of the plot util but found out a way to improve it a little. I pushed it to a feature branch of forked STEEM repo and it is available here.
Don't forget to upvote the post if you liked it!
DISCLAIMER: THE INFORMATION IS DELIVERED FREE OF CHARGE AND 'AS IS' WITHOUT WARRANTY OF ANY KIND. I HOPE IT IS ACCURATE AND FREE OF ERRORS AND YOU FIND IT USEFUL.
Nice plot and pictures but what can finance noobs learn from these?
I think you post miss an interpretation chapter.
Thanks, I managed to add a few words before the post becomes immutable.
I was really looking into this system. So the STEEM amout is unlimited right? It will reach infinity in infinity years?
How can they guarantee that investors and businesses will invest in STEEM forever too?